Griffin Premium RE..

Griffin Premium RE.., a REIT-like company listed on the WSE, is an owner of prime office and mixed-use high-street properties located in the center or on the main streets of the largest cities in Poland. These buildings generate stable income thanks to high occupancy rates and long-term contracts with prominent tenants. GPRE plans to regularly share its earnings with shareholders, paying out approximately 65% of funds from operations in dividends.
GPRE has also forward funded the acquisition of the West Link office in Wrocław and acquired a 25% stake in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. In early Q4 2017 GPRE signed the preliminary share purchase agreements for 3 yielding office projects in Katowice (A4 Business Park), Wrocław (West Gate) and Gdańsk (Tryton Business House) at the total GAV of approximately €160 million. This makes GPRE the largest office landlord in Poland.

NAME OF COMPANY

Griffin Premium RE..

SECTOR/COMPANY PROFILE

REIT-type company operating in the commercial real estate market and focused on office and mixed-use properties.

NAME OF PRESIDENT OR MANAGING DIRECTOR

Małgorzata Turek

PRESIDENT’S OR MANAGING DIRECTOR’S PROFILE

Małgorzata Turek has over 20 years of experience in the real estate sector working for real estate investors and developers as well as for international law firms. She is a renowned professional in asset management, acquisitions, and asset disposals. Prior to joining GPRE she spent five years at various Skanska Property companies. Ms. Turek graduated from the Law and Administration Department at the Jagiellonian University in Cracow. She is also a member of the Bar Association in Poland.

SHORT DESCRIPTION OF THE COMPANY

Griffin Premium RE.., a REIT-like company listed on the WSE, is an owner of prime office and mixed-use high-street properties located in the center or on the main streets of the largest cities in Poland. These buildings generate stable income thanks to high occupancy rates and long-term contracts with prominent tenants. GPRE plans to regularly share its earnings with shareholders, paying out approximately 65% of funds from operations in dividends.
GPRE has also forward funded the acquisition of the West Link office in Wrocław and acquired a 25% stake in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. In early Q4 2017 GPRE signed the preliminary share purchase agreements for 3 yielding office projects in Katowice (A4 Business Park), Wrocław (West Gate) and Gdańsk (Tryton Business House) at the total GAV of approximately €160 million. This makes GPRE the largest office landlord in Poland.

COUNTRIES IN WHICH THE COMPANY OPERATES

Poland

DESCRIPTION OF THE ENTRY INTO THE POLISH MARKET

Griffin Premium RE.. was established in December 2016. On 13 April 2017, the shares of Griffin Premium RE.. N.V. debuted on the Warsaw Stock Exchange, making it the first REIT-type firm listed on the WSE. The share price at the opening of the trading session was PLN 5.70, translating into a market capitalization of Griffin Premium RE.. of PLN 890 million (about EUR 206 million). At the same time, it was the second largest listing on the WSE recorded in 2017.

THE ORIGINS OF THE COMPANY AND HOW IT STARTED OUT

Griffin Premium RE.. was established as a spin-off of nine attractive properties from a portfolio created and managed by Griffin Real Estate, the leading and the most dynamic investor in the CEE commercial property market.

HOW MUCH THE COMPANY HAS INVESTED IN ENTERING THE POLISH MARKET

n/a

WHAT DIFFERENTIATES THE COMPANY’S PRODUCTS/SERVICES FROM THEIR COMPETITORS?

The company is the first REIT-type company listed on the Warsaw Stock Exchange, enabling retail investors to buy stakes in otherwise unavailable commercial properties and receive hefty dividends amounting to between 60 to 65% funds from operations.

NOTABLE ACHIEVEMENTS TO DATE

In April, the company recorded a successful listing on the Warsaw Stock Exchange, making the second-largest debut of the year.
The company is extensively expanding its portfolio.
In early October, GPRE attracted a new investor – a leading investment company Globalworth.

PLANS FOR THE FUTURE / EXPANSION PLANS and information on how they have been pursued so far

The company plans to generate stable returns to investors and to strengthen its current portfolio by acquiring additional real estate properties that meet its stringent investment criteria. In order to ensure necessary funding, the company has just attracted a new investor.

PLEASE SAY WHY YOU SHOULD BE CONSIDERED FOR THE AWARD

Griffin Premium RE.. as the first REIT-type company listed on the WSE, sets new trends on the commercial real estate market. Hence, it offers its shareholders a unique opportunity to invest in commercial real estate having a stable, predictable dividend payout.
Until now, Polish investors, particularly retail investors, haven't had a convenient opportunity to invest in the commercial real estate market. By buying shares of Griffin Premium RE.., they can indirectly become co-owners of portfolio of attractive office and mixed-use properties with a combined value of over EUR 800 million, and thus participate in the rental income from these properties.
Over less than a year, the company expanded its portfolio and increased its value to become the largest office landlord in Poland.

Company website

http://www.en.griffin-premium.com

NAME OF COMPANY

Griffin Premium RE..

SECTOR/COMPANY PROFILE

REIT-type company operating in the commercial real estate market and focused on office and mixed-use properties.

NAME OF PRESIDENT OR MANAGING DIRECTOR

Małgorzata Turek

PRESIDENT’S OR MANAGING DIRECTOR’S PROFILE

Małgorzata Turek has over 20 years of experience in the real estate sector working for real estate investors and developers as well as for international law firms. She is a renowned professional in asset management, acquisitions, and asset disposals. Prior to joining GPRE she spent five years at various Skanska Property companies. Ms. Turek graduated from the Law and Administration Department at the Jagiellonian University in Cracow. She is also a member of the Bar Association in Poland.

SHORT DESCRIPTION OF THE COMPANY

Griffin Premium RE.., a REIT-like company listed on the WSE, is an owner of prime office and mixed-use high-street properties located in the center or on the main streets of the largest cities in Poland. These buildings generate stable income thanks to high occupancy rates and long-term contracts with prominent tenants. GPRE plans to regularly share its earnings with shareholders, paying out approximately 65% of funds from operations in dividends.
GPRE has also forward funded the acquisition of the West Link office in Wrocław and acquired a 25% stake in office development projects in Warsaw (Browary Stage J and Beethovena I&II) in June 2017. In early Q4 2017 GPRE signed the preliminary share purchase agreements for 3 yielding office projects in Katowice (A4 Business Park), Wrocław (West Gate) and Gdańsk (Tryton Business House) at the total GAV of approximately €160 million. This makes GPRE the largest office landlord in Poland.

COUNTRIES IN WHICH THE COMPANY OPERATES

Poland

DESCRIPTION OF THE ENTRY INTO THE POLISH MARKET

Griffin Premium RE.. was established in December 2016. On 13 April 2017, the shares of Griffin Premium RE.. N.V. debuted on the Warsaw Stock Exchange, making it the first REIT-type firm listed on the WSE. The share price at the opening of the trading session was PLN 5.70, translating into a market capitalization of Griffin Premium RE.. of PLN 890 million (about EUR 206 million). At the same time, it was the second largest listing on the WSE recorded in 2017.

THE ORIGINS OF THE COMPANY AND HOW IT STARTED OUT

Griffin Premium RE.. was established as a spin-off of nine attractive properties from a portfolio created and managed by Griffin Real Estate, the leading and the most dynamic investor in the CEE commercial property market.

HOW MUCH THE COMPANY HAS INVESTED IN ENTERING THE POLISH MARKET

n/a

WHAT DIFFERENTIATES THE COMPANY’S PRODUCTS/SERVICES FROM THEIR COMPETITORS?

The company is the first REIT-type company listed on the Warsaw Stock Exchange, enabling retail investors to buy stakes in otherwise unavailable commercial properties and receive hefty dividends amounting to between 60 to 65% funds from operations.

NOTABLE ACHIEVEMENTS TO DATE

In April, the company recorded a successful listing on the Warsaw Stock Exchange, making the second-largest debut of the year.
The company is extensively expanding its portfolio.
In early October, GPRE attracted a new investor – a leading investment company Globalworth.

PLANS FOR THE FUTURE / EXPANSION PLANS and information on how they have been pursued so far

The company plans to generate stable returns to investors and to strengthen its current portfolio by acquiring additional real estate properties that meet its stringent investment criteria. In order to ensure necessary funding, the company has just attracted a new investor.

PLEASE SAY WHY YOU SHOULD BE CONSIDERED FOR THE AWARD

Griffin Premium RE.. as the first REIT-type company listed on the WSE, sets new trends on the commercial real estate market. Hence, it offers its shareholders a unique opportunity to invest in commercial real estate having a stable, predictable dividend payout.
Until now, Polish investors, particularly retail investors, haven't had a convenient opportunity to invest in the commercial real estate market. By buying shares of Griffin Premium RE.., they can indirectly become co-owners of portfolio of attractive office and mixed-use properties with a combined value of over EUR 800 million, and thus participate in the rental income from these properties.
Over less than a year, the company expanded its portfolio and increased its value to become the largest office landlord in Poland.

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